1162-70 Connecticut Street Gary, IN ^$ 1,000,000

1162-70 Connecticut Street

^$ 1,000,000

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1162-70 Connecticut Street

Gary, IN, 46407

^$ 1,000,000

Bedrooms28 Baths22.0 Sq 10,704

Monthly Estimate*

^$ 6,646

1162-70 Connecticut Street, Gary, IN 46407 - Image 1

1162-70 Connecticut Street, Gary, IN 46407 - Image 2

1162-70 Connecticut Street, Gary, IN 46407 - Image 3

1162-70 Connecticut Street, Gary, IN 46407 - Image 4

1162-70 Connecticut Street, Gary, IN 46407 - Image 5

Multi-Family Home for sale in Gary, IN

for $1,000,000 with 28 bedrooms and 22 full baths. This 10,704 square foot home was built in 1927 on a lot size of 0.231.

ATTENTION INVESTORS! ATTENTION INVESTORS!! COME TAKE A LOOK AT THIS MONEY MAKING MACHINE!!! The numbers don't lie. This 87% filled multi-unit (17 out of 19 units across two buildings) boast a great CAP rate at roughly 12%. This is a great addition to any mature portfolio. Also, be sure to ask your lender about your possible DSCR options! Call to schedule your walkthrough today!!!!!!!

Multi-Family Active

Price

^$ 1,000,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Residential Income

Lot Size

0.231

Year Built

1927

Town/City

Gary

County/Region

Lake

MLS | Web ID

544852

Features

General

Interior Features Elevator

Utilities Cable Available Electricity Available Natural Gas Available Sewer Available

Garage Spaces 0

Year Built 1927

Township Calumet

Gross Income 0

County Lake

Net Operating Income 119736

Insurance Expense 13735

Property Type Residential Income

Subdivision Name Gary Land Companys 10

Total Rooms 0

Close Price 0

Status Active

Directions North or South on Broadway; East on 13th Ave. Property on the North corner of 13th and Connecticut.

City Gary

Lot Size Square Feet 10062

Street Name Connecticut

Electric Expense 0

Trash Expense 0

Standard Status Active

Tax Assessed Value 0

Total Actual Rent 184080

Taxes 6313

Legal Description Legal Description: GARY LAND COS 10TH SUB BLK 14 LOTS 24 25 & S1/2 LOT 26

Exterior

Parking Features None

Water Source Public

Total Parking 0

Lot Dimensions 48x125

Lot Size Acres 0.231

Frontage Length 48

Interior

Full Baths 22

Half Baths 0

3/4 Baths 0

Street Suffix Street

Total Bedrooms 28

Total Baths 22

* Excluded Features

List By

Nakia Dunlap

Listing Agent

Residential Premier Realestate

Broker

nakiadunlap@residentialpremier.com

Affordability Calculator

$6,646

Per Month

Monthly Principal & Interest: $6,646
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Gary, IN

Average List Price ^$150,200

Percent of Sale Price 85%

About Gary, IN

71,243 Population

-31% Since 2002

^$29,286 Median Income

37.13 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/16/2024	$1,000,000	-99.00%	Price Down
2/16/2024	$100,000,000		Listed Price

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1162-70 Connecticut Street, Gary, IN, 46407 is a Multi-Family Home for sale at $1,000,000 with 10,704 sqft and a lot size of 0.231. 1162-70 Connecticut Street has 28 bedrooms, 22.0 baths, and was built in 1927. The property's zip code is 46407 which is in Gary, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 5/26/2024.

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1162-70 Connecticut Street

Multi-Family Home for sale in Gary, IN

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